hip-hop
The Business of Hip Hop: Brand Masters Bring in the Cash
6:00AM 8/24/2010
For many rap and hip-hop artists, behind all the trash talk and posturing, it's all about business. Forbes recently released its Hip Hop Cash Kings list, and the 20 big names on it racked up a total of about $300 million, despite the weak economy and the Internet revolution that is killing the CD business.
Hip-hop pays well, very well, at least for Jay-Z. Forbes reports Jay-Z racked up $63 million in the past year -- owing about $22 million in federal and state taxes, a sum greater than the total earnings of every rapper and hip-hop mogul besides second-ranked Diddy.
Even former cocaine kingpins have to worry about brand protection. Infamous drug lord Ricky "Freeway Rick" Ross is suing the rapper known as Rick Ross for alleged violations including trademark infringement and misappropriation, among others, for $50 million in damages.
A year after the eclectic Philly ensemble became Late Night with Jimmy Fallon's house band, it has a new strategy. Drummer Ahmir "Questlove" Thompson discusses the network salary, late-night jams, and less touring.
Rappers sing the recession blues, sell their bling
6:00PM 5/26/2009
This is a good lesson for kids everywhere: When you make it big in the music industry, don't invest in jewelry.After years of buying diamond-encrusted pendants, gold teeth and heavy gold chains, hip-hop artists and rappers are facing the recession by asking their jewelers to use less-precious...
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